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Tag >> CEO
For the seventh year in a row, CEOs rate Texas as the number one state in which to do business and California as the worst.
Chief Executive magazine's annual "Best & Worst States" survey once again singled out North Carolina as the second best state to do business.
"A handful of states have made business-friendly policies a priority," says J.P. Donlon, Editor-in-Chief of Chief Executive magazine and ChiefExecutive.net. "These forward-thinking states are the exception rather than the rule and include Utah, Arizona, Florida, Tennessee, Louisiana, Texas and Oklahoma."
More data about eye-popping increases in CEO pay for 2010.
According to Carol Bowie, head of compensation policy development at ISS Governance, the most significant factor in that increase was cash pay. ISS did an early analysis of 600 Russell 3000 companies' CEO pay disclosures where the same CEO was in place in 2009 and 2010. And it found that 81 percent of CEOs received cash incentive pay--short-and long-term payouts--in 2010. That's compared to 70 percent in 2009.
It looks like 2010 was a boom year for CEO compensation.
According to a new analysis of proxies conducted by Towers Watson, median total cash compensation increased 17 percent for CEOs last year. This compares with a 3 percent median increase the prior year. To compute cash compensation, the consulting firm includes base salary, as well as annual and discretionary bonus payments.
It is the big question facing every company that needs to replace top management or even low level management. Promote from within or reach outside the firm?
Well, a new study found that when it comes to hiring chief executive officers at publicly traded companies, shareholders should urge the board to promote from within.
If you're a CEO, or would like to become one, looks like your best shot at longevity comes down to this: Be nice to the board.
That's one implication of a study done by a Wharton School of Business assistant professor.
Wouldn't it be nice to know whether the CEO or CFO is, well, being less than candid?
Well now there may be a way to tell.
The Dodd-Frank Act may have gone a little further on some issues than many people had anticipated. But one potential issue that did not see meaningful change is the separation of the chairman and CEO functions.
The Act requires that the SEC issue rules requiring each public company disclose in its annual proxy materials the reasons why the company chose to have either the same person, or separate people, serve as the Chairman and CEO.
The need for a chief executive to work with boards and communicate with Wall Street has never been greater, and CFOs have experience in both those areas--making them excellent candidates for the top spot in an organization.
Companies are increasingly recognizing the value of this internal asset and promoting their CFOs to CEO, according to executive search firm Russell Reynolds' Chief Financial Officer Moves North America, Q1 2010.